From FT
Article from the Financial Times:
“In just 16 months, the US unemployment rate has doubled from 4.8 per cent to 9.5 per cent, a remarkable surge by virtually any modern-day metric. It is also likely that the 9.5 per cent rate understates the extent to which labour market conditions are deteriorating. Just witness the increasing number of companies asking employees to take unpaid leave.”
Add comment Julho 12, 2009
The new killer
Britain, it seems, has a new killer. As the number of swine flu casualties creeps up, each death is accompanied on the news by the “reassuring” information that the victim had other serious underlying health conditions. In other words not to worry; it wasn’t really swine flu that got them.
The message is obvious. Don’t fear swine flu, but stay clear of anyone with underlying health conditions.
Robert Shrimsley (Financial Times)
Add comment Julho 11, 2009
Parallel
So… Are these lines parallel? What is your view on this subject?
If you say “no, they are not parallel” and someone comes and tells you that your view is a mere mind effect and that these lines are actually parallel… Will you buy into that? And what if the person telling you is a “financial specialist”? Will you then buy unknown and risky financial products which you have no idea on how they work and operate?
I was amazed when I got to know that a CEO defended “the tools and financial products became so complex and so difficult that after a certain point managers couldn’t actually understand what the products were really about”.
So… Would you buy something, would you spend your own hard earned money on something you actually don’t understand to the full extent? No? What if it’s not your money? What if the risks would actually pay off in the upcoming months for yourself and your career? What if doing so would get you a fat pension and great bonuses (even if all hell would break loose afterwards)? Would you do it then? I guess that most people falling in the category of “total absence of professional ethics or values, blind ambition and thirst for power” will have an instant answer for these questions…
Until now, if we exclude Madoff (small fish) did anyone ended up in jail?
The markets will probably keep falling until governments actually show that responsibility will be taken to those responsible.
So if you go to a bank and steal the safe, what will happen to you? Jail?
Now try this… Go to a senior management position and loose money that it’s not even yours in investments you don’t even understand. What will happen to you then? A fat pension?…
Add comment Março 5, 2009
Pink Floyd 1980… In the flesh
Went to see the Australian Pink FLoyd in the Lanxess Arena in Köln. They give a pretty good show.
Richard Wright died… I guess this is the real end of the line for this band.
Their work will certainly endure.
Add comment Fevereiro 11, 2009
Rainy days
Some Jazz and the laptop. Modern life. Nowdays some of us can survive on lithium batteries.
On TV everybody is saying the “D” word… also known as “Depression”. Financial depression. I guess that for a lot of people depression came a long time a go, with foreclosures and sub-prime meltdown. Recession gone into depression. Never thought I would even hear about it during my lifetime… It’s that sort of thing you only read and study in history books.
From talking so much about it I guess TV channels will actually help installing it. It’s the placebo effect. Like going to a doctor that constantly tells you are worst than you already are.
Add comment Janeiro 23, 2009
Missing something
So. You get up in the morning, you have a fast shower and off you go. You leave your house running and you miss the fact that the sky is actually blue and not cloudy (even if it’s cold). You rush passing by 56 people that, just like you, repeat the same hourly routine (they also missed the blue sky). It’s interesting what life makes of us.
Add comment Janeiro 12, 2009
running
please repeat after me: running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles, running around in circles…
Add comment Dezembro 13, 2008
